Core Viewpoint - Yantai Debang Technology Co., Ltd. plans to repurchase a portion of its issued A-shares through centralized bidding on the Shanghai Stock Exchange, aiming to enhance investor confidence and improve the company's incentive mechanisms [1][4][12] Summary by Sections Repurchase Plan Overview - The company intends to repurchase shares with a total fund of between RMB 40 million and RMB 80 million, with a maximum repurchase price of RMB 63.52 per share [5][6] - The repurchase period is set for 12 months from the board's approval date, with provisions for extension if trading is suspended for over 10 consecutive days [4][5] Purpose of the Repurchase - The repurchase aims to recognize the company's value, maintain investor interests, enhance team cohesion, and promote sustainable development [4][9][12] Financial Impact - The maximum repurchase amount of RMB 80 million represents approximately 2.90% of total assets, 3.53% of net assets, and 6.22% of current assets as of March 30 [9] - The funding will come from the company's own funds and a special loan, which will not significantly impact the company's debt repayment ability [9][12] Shareholder and Management Plans - The company's directors, supervisors, and senior management have no plans to sell shares in the next 3 to 6 months [1][10] - The actual controller and chairman, Mr. Xie Haihua, proposed the repurchase based on confidence in the company's future [12] Share Structure Changes - The repurchase is expected to affect the share structure, with potential changes depending on the actual number of shares repurchased [8][9] - If shares are not utilized for employee stock ownership plans within three years, they will be canceled [8][12] Regulatory Compliance - The repurchase plan complies with relevant regulations and does not require shareholder meeting approval [3][4] - The company will disclose any changes to the repurchase plan as required by law [14]
德邦科技: 烟台德邦科技股份有限公司关于第二期以集中竞价交易方式回购公司股份方案的公告